VIETNAM CUTS POLICY RATES AGAIN AS INFLATION FALLS

HANOI - The State Bank of Vietnam is to cut its policy rate by another 100 basis points from May 13, with the refinance rate to fall  to 7.00% from 8.00%.This follows a cumulative 700 basis points of cuts since mid-2012, the most recent being 100 basis points in late March. The SBV’s discount rate will follow, falling to 5.00% from 6.00%. ANZ Bank says a lower inflation trajectory had given the SBV space to ease monetary policy further.